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is supposed to be a clean energy alternative. a new report shows it is producing toxic waste. that "the willis report" is on the case. ♪ gerri: all that and more coming up. first, breaking news tonight. early looks at tonight's state of the union address. in his fifth address to congress the president will say this, nothing at night first posed should increase our deficit by a single dime, not a bigger government, but the smarter government. setting priorities and investing in broadbased growth. all this happening and about three hours from now, but no matter how it spends, spending is spending, and the federal government is racking up. the average length of president obama's previous addresses as one hour and five minutes and 21 seconds. think about it. the amount of time it takes the national debt to rack up just over $042 million extra. with more on this, former cbo director. welcome to the show. first off, your reaction to these comments he will make that he is not going to get us into any more debt trouble at all. do you believe that? >> he certainly is going to propose more spending wh
, arbitrary cuts would jeopardize our military readiness. they'd devastate priorities like education, energy, and medical research. they would certainly slow our recovery, and cost us hundreds of thousands of jobs. that's why democrats, republicans, business leaders, and economists have already said that these cuts, known here in washington as the sequester, are a really bad idea. now, some in this congress have proposed preventing only the defense cuts by making even bigger cuts to things like education and job training, medicare and social security benefits. that idea is even worse. yes, the biggest driver of our long-term debt is the rising cost of health care for an aging population. and those of us who care deeply about programs like medicare must embrace the need for modest reforms -- otherwise, our retirement programs will crowd out the investments we need for our children, and jeopardize the promise of a secure retirement for future generations. but we can't ask senior citizens and working families to shoulder the entire burden of deficit reduction while asking nothing more from the
" panel. a publisher of energy magazine and chief clinical correspondent with the "washington examiner" and fox news contributor. we're obviously talking about it right now. the stakes are very high, the union loves this thing creating thousands of jobs in the country. but environmentalists are fiercely opposing it. putting them in a peculiar situation as best i can put it at this point. >> his duct between the constituents. the democratic party in general. just the other day there was a protest in front of the white house, some top officials were arrested. they're all demanding obama killed the pipeline. at the same time the building trades division, powerful unit supporter of the president on a conference call with the american petroleum institute calling on the president to approve the pipeline. you can see how he is stuck between the constituents. sandra: i want to take this out to tyson. i want to use the number from the american petroleum institute, they say the ke keyse type one would create 20,000 u.s. jobs. the labor unions are for it, environmentalists are against it, why are
on "the willis report" less than 48 hours for president obama's bush for spending a great energy democrats unveil a new carbon tax. also, a growing problem hurting our nation's children. public-school teachers constantly calling in sick and you are paying for it. and the new american airlines. will it mean more fees and higher fares? we are on the case tonight on "the willis report." ♪ we will have all that and more coming up, but first, risky federal programs. by that i mean a new report by the government accountability of this unveiling the 30 federal programs and operations that3 have the highest risk for race, fraud and abuse, six of which have been the lowest ever since it was first released in 1990. with more on this demand editorial board member of the wall street journal. my question was, only 30? >> that's right. this is only the latest lesson. if you go over the reports from the last ten years are so you're going to find literally hundreds of programs that have been on the watch. by the way, i go back to the early 1980's when you have the famous reports of the regular administr
's energy secretary steven chu. this person is known as the designated survivor, if you can believe it. a term of distinction. savannah guthrie, let's talk about the atmospherics in the hall, what we can see, and what will be off camera. >> we touched on it already. the atmosphere in terms of the bitterness and the divided nature of our government right now. if you talk to republicans and democrats, the view you get of the other party is just so stark. as far as the speaker and republicans are concerned, the president emboldened, confrontational, wants to obliterate the party. on the side of the white house, aides think the republican party is fractured, weak, vulnerable, unable to govern itself and unable to make deals to solve the big problem and you've alluded to it, an incredible emotional weight inside this hall tonight, because of the many, many victims of gun violence there. a coordinated campaign by one congressman to have multiple victims of gun violence sitting there in the hall. you see them with green ribbons, and issue the president has not brought up in any state of the u
decision for the president. does he side with energy independence? >> this certainly should not be a tough decision. this really is close to a no-brainer. he talked about it over and over again in his state of the union speech. he always talks about union jobs. this is infrastructure. this is union jobs. the great thing about it if it does not cost a penny to the taxpayers because it is all privately financed. even if you agree with the promise that global warming is a big problem and this oil will contribute, you know what, if it is not consumed here, it will be consumed somewhere else. it is not like it will go away. i do not think that the environmentalists have really thought this through. i just think they do not want it. dagen: this oil will go to china. it will be refined there with much looser environmental standards on refineries in that nation. not to make fun of our northern neighbors, but do you really want to make this country mad? canada has made it clear that it could retaliate against the u.s. do we need to be worried about this? >> that is a great question. they are part o
of road and bridge building, a green energy security trust fund. he said we could grow through government action and it will not raise the deficit one dime senator rubio responded with the exact opposite. free enterprise would result in prosperity for everyone and the senator, addressing president, i don't oppose your plan because i want to protect the rich. i oppose your plan because i want to protect my neighbors. election 2016 began last night. "varney & company" is about to begin and i tell you now stocks could hit a record high very could hit a record high very soon. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on sit now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? isha
will eventually pay. but wait, there is more. in this energy mess, the raid on your money keeps rolling along, doesn't it? the president will make oil companies pay for wind and solar and they'll pass that along. two, you'll pay for another green energy fiasco, taxpayer money wasted on a green battery maker, no batteries. you are paying much more at the pump. regular has never cost so much in the the month of february. one last one. these people now dictate america's energy policy. an actress and a kennedy, and a mere handful of others get worldwide public city. they don't like the pipeline. hold on a second, we're not done. warren buffett buys heinz 28 billion dollars, windfall for john kerry? "varney & company" is about to begin. ♪ [ cows moo ] [ sizzling ] mo rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> you know, this is the big deal of the year so far. wait f
for crude. what do we make of this energy market? >> i tell you, it's probably the most difficult thing to trade. equities are difficult. liz: right about now. >> i have to agree with both of them about running and esteem. licking and $98 the crude market. get back to like i talked a lot, slow grind. the market is getting tired. somewhere around there. some news. you can sit down and talk. but in the back of everyone's mind, if you look at the cracks -- liz: i'm sorry, what news? let our viewers know because i don't assume everyone knows what happened. >> i heard there was a little bearish news that they would sit down and talk, you know, have talks going forward about their nuclear programs. if they're going to sit down and talk about it that was something that cannot laden the date. we heard all of this type of stuff. i wouldn't put much credence into. but i would is the product price . place it above the crude. it is still over $30 per barrel. higher. $30. so i don't see as collapsing and falling apart. i think we see a pullback. options exploration, $96. a good, round number in the
outdoors. probably some significant emotional challenges. all of this pent-up energy that could have been used for good to go out and take other human lives. chris, we're going to be waking up tomorrow morning and the next day and saying how sad. number one, so sad for the people that christopher dorner is believed to have killed and injured. and number two, that he wasn't able to resolve his own problems. and if there is anything to be gained from this, anything, it's black, white, whatever color, whatever race, wherever we come from cultural wise, we have to work these situations out. but once you get a legal opinion that said my friend, we listen to the case, and that's the way it goes. we have to learn how to take the bad news with the good news in life. christopher dorner could not handle bad news. when it got too heavy for him, he chose to act out against everyone. and the epicenter of his anger and rage was the 10,000 men and women of the los angeles police department. and everybody else in society who would have stood with him. >> yeah, i think he engaged, if he did, in group guil
on having to deal with deflation down the road so interest rates are low. the situation in energy which is not only going to drive manufacturing in this country and ultimately will lead to jobs in this country. the turnaround in housing. we have had a lot of problems, and we haven't chewed through all of them. haven't even throughed through all or part of them, but which eve chewed through a lot of them and nobody sounds a gun or blows a whistle when things have gotten better. sentiment is lagging and still slow, but i think the market as a whole, no one individual with the market as a whole is looking ahead and said with these advantages i think, you know, we could be on the threshold of a bull market. look what happened in the early '80s. that was a period, a period of very, very poor sentiment for a very long time. no one would have forecast a 20-year bull market cycle, and i can't even do that now, but i could tell you the fact that the sentiment is negative will have no bearing on what happens. >> what about europe? how concerned are you about europe, that it's going to rear its ug
stories. an through and. >> thank you. that is a huge story. >>> in other news, the international energy agency is now cautioning expectations that higher oil demand growth this year could be overly optimistic. the watchdog group is warning that recent signs of the recovery could be the result of one off factors and not a sustained trend of improvement. so the iea is cutting its oil demand growth forecast for the coming year by a marginal 90,000 barrels a day. also in the news, j cpenney increasing borrowing capacity under a bank credit facility by $ 00 million. up now to -- $100 million. now to $1.9 billion. the retailer expanding an option to buy more at a later date. the news said to be raising concerns among analysts as the retailer works on that turnaround. >>> and conditions on a disabled carnival cruise ship in the gulf of mexico, they're in dispute. the company says it's making passenger -- passengers stranded aboard as comfortable as possible with running water, working bathrooms. this contradicts accounts of some passengers who told relatives about filthy, hot conditions, and l
in infrastructure, investing in energy, all of those are ways to make our economy stronger. that will be the central focus of the president's remarks this evening. >> texas republican congressman randy newbauer joins us on capitol hill. good morning. >> good morning, how are you, carl? >> good. a lot of discussion today whether this will be an echo of some called the cockiness, the confrontation of the inaugural. is that what you're looking for today? >> i think so. i think what the president laid out in his inaugural address is more taxes, more spending and more government. i feel like we're just going to get the details of that tonight. >> there's been a lot of discussion about how you go about with a big agenda. some say it's his last chance to go big. when you still have so many economic anxieties at work. do you think tonight's speech will be about jobs and middle class, or will it bleed into guns and immigration? >> i think it will be a little of both. i think what the president owes the american people is an explanation of why he wants to continue down a road where it's not working, we still
ability to handle the demands of the office. courage to say it's better to be someone with more energy. today the papacy is more than ever a ministry of presence. for our holy father to be as engaged in the life of the church today as he has been up to this moment is his great gift. doesn't it take a big person to say i don't think i have the strength to continue to do this? my first thought when i heard this after i got over the shock was what a humble and wonderful man this pope is. >> bret: you know, you look at the statement, and he says he examined it in his conscience and he came to that point, where he thought his strength was not there. and that in strength of mind and body to do the job that he thinks needs to be done for the church, someone else should do it. it's just, it is historic that it has been 600-plus years since a pope has done that. >> i think when he said he doesn't have the energy, he was talking about the physical stamina. today, he has to be in so many different places. not just in rome, but around the world. there is more to it. i think his holy father recogni
the environmentalist made the claim that green energy is cheaper than coal and natural gas. really? we'll get the facts and a reaction to this after the break. >> clean energy, that's also available here in the the united states, that's coming in now cheaper than coal. cheap her than new gas, puts more people to work than dirty fuels like coal and gas. >> wait a minute, wait a minute, wait a minute. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. 18, you always have the war among you. forgive me but i will turn that ar
the exact tax rate will be. especially to consider energy and its impact on our economy. it is growing and growing. some of its manufacturing renaissance, $100 billion of new products, it was because we have this wonderful energy. president obama is doing even his best to scare those folks. neil: thank you very much. in the meantime, one of the president's fiercest critics, whether washington is giving business a whole lot more grief than what they need right now. and this time, a meteorite injuring 1000 people in russia. with nasa cutting back, how do with nasa cutting back, how do we prevent another tragedy like all stations come over to mission a for a final go. this is for real this time. st seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. neil: tax hikes kicking in. whole foods trying to pump up business by bringing prices down. they say that they are trying to reach a broa
for that. gas prices have been climbing for three straight weeks. it is up $0.27 a gallon. energy analyst is the analyst for the schork report. >> what is causing it now is a rash of refinery outages. both here on the east coast and west coast. quite frankly, the market is fearful about the availability of supply. this is what is driving the market up in the near-term. the fear is that oil prices in general are about 15% lower at this point this year and then they were relative to a year ago. retail gasoline prices are higher at this point. the january gasoline contract expired a few years ago. where it expired implies in the cast market, we can still see another 15-20% rise in gas prices. melissa: there are so many things that are lining up not great. gas prices, we usually have a quiet january. that did not happen. it seems like, prices at the pump are going even higher from here. >> right now we need to see a material correction in crude oil prices to have any chance of seeing lower year on year gasoline prices. the odds of that are not good. crude oil prices, as i said, are about 15%
from michigan, he is chairman of the house energy committee and joins us in new york right now. welcome to the program. congressman welcome to the program. seriously, do you think we have a probability here of a reversal president obama and saying yes to keystone? >> i hope that will happen. there's been strong bipartisan support for keystone. last week 146 members republicans and democrats sent a letter to the president saying hey it is time to get this thing done. stuart: what's your judgment? yes or no? >> i hope that he does this. i'm not convinced. i will tell you, i'm not convinced that he will. and the sad thing is, i'm sure the canadians made the point on friday when they met with secretary kerry, look, we're going to do this no matter what. we're going to go from a million barrels a day to 4 million barrels of production -- stuart: the canadians will do that. >> yes. before the end of the decade, if it doesn't come to lower 48, to create jobs, they will send it to china, they will build the pipeline east to the atlantic and send it by boat to the refineries. it will just raise
health. he does not have the strength or the energy to go forward. now, he will be stepping down on the 28th of february. that is the official day. and really, again, it came as much of a surprise. he did become pope in april of 200 5 after john paul ii passed away. and has been affected by a weak health, but apparently what happened is that he became more unhealthy in the last month because of a degenerative problem in his bones which makes moving around very, very difficult. but he was last seen on the 8th of february and on sunday did once again do his mass vatican. so things appeared quite normal up until ten minutes of 12:00 today when he did announce that he can no longer move forward in his position. >> thank you so much, claudia. i saw the pope speak live in cuba and i gave him a lot of credit. he was staring at raul castro in the front row. and i thought it was very brave to talk about democracy and freedom in a place that so desperately needs it. he's never loved as much as -- i always refer to him as want pablo -- it's a tough act to follow. >> the papacy, according to
the president want to invest in? here is a partial list. manufacturing hubs, science research, green energy. highways and byways, universal preschool for the you are urchins, cyber security and upgrades. got to stop i'm exhausted. here is more. here is a man who doesn't feel the federal debt is a problem bob beckel. i don't want to debate the debt issue i want to ask you one specific question. in 50 years the poverty rate really hasn't changed in this country. it's it the same. why haven't we learned from that despite the trillions spent on antipoverty programs? why are we not learning anything? >> what your assumption is the antipoverty programs are meant to lift people out of poverty. what it's meant to do is to keep people from falling into poverty and those in poverty going further into poverty. you know you look at where this welfare money. goes to manufacturing less areas in the inner city no jobs and people on welfare are staying on welfare because they have had no opportunities. >> why don't they run. >> where where are they going to get money to move. >> they can't. >> forced to li
the u.s. to become more energy independent. opponents think the pipeline could threaten water supplies in the environment. the obama administration put off deciding whether to okay the project until after the presidential election. the state department says a final decision on the pipeline could come this spring. one scientist at the kato institute predicts the president will green light the pipeline. >> i think the white house has probably made its decision on keystone. the political calculus is obvious. if they come out against, it they are going to pay a very big price. >> president obama talked about climate change in his state of the union address last week, but he did not specifically mention the keystone xl pipeline. christi. >> all right. emily, thank you so much. >>> robert kennedy jr. was among those protesting the keystone pipeline. he was even arrested during a demonstration outside the white house this past week. we'll get his perspective on the message that he's trying to send to the president. that's coming up in a couple of minutes. >>> want to get you to vatican city a
of a point. david: talk about the oil and the fact it had on energy shares. they led the decliners among the s&p 500's ten sectors as oil prices slumped ending the day below $96 a barrel. transocean was among the worst performers, followed by halliburton, baker hughes and conocophillips. liz: investors bought into media stocks today, four names hitting new 52-week highs. liberty interactive which controls the qvc channel and news corp which is parent of this network. rob communications the canadian media company did very nice. cbs hitting new 52-week highs. david: also apple, through the eyes of hedge funders, some very different opinions where that stock is going from the big money managers. the latest 13-f filings, green light capitol and george soros upped their stakes in apple. third point capital as we mentioned yesterday sold its entire apple stake a. a very mixed opinion what apple's future will be. liz: looks like the s&p may make green of it. it might slightly be to the upside here. david: good. liz: the borgata hotel and casino becoming the first in america to offer gambling fr
advisers, gene sperling, this morning what the president would say about energy. for example, would he announce his support for the keystone pipeline? here's what sperling said. >> the president thinks that energy is a critical part of our economic future, and he will certainly talk about that, and he'll talk about that in many ways but most specifically on the importance of what that can mean not just for our energy security, but for our economic security and for jobs and innovation in our economy. >> reporter: so i didn't get an answer, obviously. [laughter] now, on the question of spending cuts and how serious the president would get about proposing those, speaker boehner told reporters this morning, quote: >> r eporter: and by the way, the senate democratic leader, harry reid, said that he would have his first meeting in quite a while with speaker boehner later this week. david and liz? david: all right. well, you asked the right question. it wasn't for want of trying that you didn't get an answer of some kind. thank you, peter. we'll see more of you tonight. and tonight it all beg
an hour, wants a new energy bill similar to cap-and-trade, wants preschool for every 4-year-old in the nation, tax reform, gun control, citizenship for undocumented immigrants. what are his chances, charles? >> approximately zero. he is talking as if we have a huge surplus so we can start spending all over again inaugural address was the philosophical statement of what i call this left-liberalism, the state of the union address is the programmatic expression of that. there a social ill that he did not have the government answer to? if he did, i did not hear it. >> mark? >> if that is a liberal agenda, we have moved the goal posts in our country. i thought the speech was -- the sum of its parts did not create a greater whole. i thought that parts of it were really good. like the minimum wage, i like the education, i like the training, i particularly like the gun -- at the end. richarde wasn't come in nixon's turn, the lift of a driving dream. >> colby? >> i don't think it was supposed to be that kind of address. i think he laid out an agenda, and agenda he wants to pursue. i
. so, you know, we'll see what he says about energy enerand energ policy. >> i'm shul you'll be fact ceching more. john, back to you. >>> the question is will he follow through? we're going to go live here to washington -- back here to washington with a scorecard of last year's "state of the union" address. that's coming up. nurses are dealing with a wider range of issues. and there are ever-changing regulations. when you see these challenges, do you want to back away or take charge? with a degree in the field of healthcare or nursing from capella university, you'll have the knowledge to advance your career while making a difference in the lives of patients. let's get started at capella.edu. ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. waiting for your wrinkle cream to work? neutrogena® rapid wrinkle repair has the fastest retinol formula. to visibly reduce fine lines and wrinkles in just one week. neutrogena®. but w
are. the national debate on climate change and energy takes center stage on this president's day. thousands of demonstrators marched in d.c. this weekend calling for president obama take action on global warming. they want a carbon tax and they want the president to block that keystone pipeline. the demonstrators formed a human pipeline that went from the national mall to the white house. the protest was billed as the biggest ever climate demonstration in american history. organizers estimated the organizers they say 35,000 people showed up to protest. and more are expected today as well. it is monday morning, president's day. we have our company for you all ready to go, look at them, elizabeth macdonald is here and charles payne of course is here. first, both of you, your reaction to the climate change demonstrations in washington. go. liz: listen, the unions are for the keystone pipeline. afl-cio building and construction division wants it. the entire federation may be in full support of this. but this runs counter to what the president has said that he wants to do something ab
that they presented a proposal for the energy securityrust. >> i would have liked to hear him say something like, for example, how about improving the keystone pipeline. that creates jobs, that creates tax revenues without raising anything. dagen: he did talk about tax reform. we have to look at how we become were competitive in the global market. >> we have the highest corporate tax rate in the world. i think this scenario is hopefully able to be found on common ground here. dagen: let me throw this out there. he talked about tens of billions of dollars in infrastructure to repair our roads and bridges. would you be okay with that if it was paid for by raising the gas tax? >> infrastructure is an important part of you. we need to reform and improve our infrastructure, but not by raising taxes. there is plenty of money in the federal government. it is time to find ways to spend it more efficiently. dagen: congressman, thank you very much. that is not the idea that the president throughout their last night. congressman of montana, take care. thank you for being here this morning. connell: another
to discuss whether nuclear energy is taking a big hit with nuclear energy. that is 5:00 p.m. eastern right here on fox business. >> so the big story today, airline consolidation has been good for profit but what about for you, the flyer? airlines analyst darlene becker weighs in on what the u.s.,-american deal will mean coming up. ashley -- i've been messing up all my colleagues names today, guys i apologize. they will take you through the next hour of fox business. don't miss it. ♪ [ indistincthouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. all stations come over to ssthis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ashley: happy
that kind of time and emotional energy to gun eviolence. i think it shows he wants to fight on that issue. >> kelly o'donnell, you were there. were you able to gauge any reaction in the chamber among members of congress? >> it was interesting. i've been in the chamber for a number of this president's addresses and president bush before. and i think early in the evening, there was more of a sense of a flat energy. i don't know if that's because we've just come off the inaugural address. it seemed to take a while for the room to sort of ignite. when you got to the point where there was the discussion of guns, i was about five feet or so in front of gabby giffords and her family. so i was able to see how people around them looked as they stood first quietly and then applauding. and then i also could see how some of the other family members had brought photos of loved ones. i was also struck by when sort of the kind of emotion of the moment had faded, there was one woman, i presume a mother, who shouted out kind of picking up on the president's cadence, the name of her loved one and then repe
much he focused on clean energy and on creating an energy security trust, using revenues from oil and gas industry to kind of get cars and trucks in the u.s. off of oil for good. and talked about cutting the red tape on gas and oil permits. that will have a longer term impact on prices, but today traders are buzzing about what happened overnight. the report from the american petroleum institute showed a decline in u.s. crude supplies. that's one factor supporting u.s. oil prices. add to that the international energy administration saying that opec production was actually at the lowest level in a year last month. so even if demand starts to come back, they did lower their forecast overall for global demand. if it starts to come back, that could be an issue with spare capacity. we'll find out a lot more about what's happening with the u.s. oil supply picture at 10:30 a.m. we'll get the report from the energy department. >> when we come back, republican congresswoman marsha blackburn of tennessee voted no on the fiscal cliff bill. how does she feel about the automatic spending cuts t
the freezing temperatures hoping it will all lead to changes in the u.s. energy policy. >> reporter: don, it has been one of the coldest days of the year here in washington, but it did not stop tens of thousands of people from jamming the national mall, and then marching from here right past the white house. even though president obama is away in florida, the message that they wanted to send the him is clear. they want two things. they want the environmental protection agency to establish stricter emission standards on the existing power plants and not just future plants that will be built down the line. they also want president obama to kill the extension of the keystone pipeline. that is the oil pipeline that is coming from canada and would cut through the united states and bring all of the way to the gulf coast. a lot of folks here are younger voters or younger people who say, even though the u.s. right now may be as focussed on the debt ceiling and other issues, it is time to look further down the line. >> i am only 16, and some day i hope to have my own kids, and i think that this i
. powerful network. verizon. ♪ neil: just getting word that energy secretary steven chu will not be in the house tonight. the designated cabinet official who will not be there in case everything goes terrific in washington. they always have a cabinet secretary who is not there. let me cut to the crew chase here. what that means is, should the capital blow up, he would be president of the united states. that's what that means. they always have to have a cabinet official on standby. it has never happened, but they always have to have a standby in case it does because they are all the powers that be, president, vice president, speaker of the house, joint chiefs of staff, every other cabinet members, supreme court of the united states. someone has to run the show, and god forbid it should come to that it will be secretary to. he is not there. but hopefully it is that going to be a big deal one way or the other. one thing that will be a big deal is what the president will say in that building tonight. indications are that one of the things he was saying is that you have to go
and over again. more infrastructure spending. we need green energy spending. rather than talking about how strong we are in producing fossil fuels. that is the weakness in the economy and the belief that we are in a recession playing into his hands. >> he has the pulpit and he can talk about what he will do to revive spirits. the hangover is what will really harm the president. rest assured, he will talk tomorrow night about how he will use tax breaks to bring many factory jobs back to the united states. what he is saying is he will bring back jobs that play the equivalent of a starbucks while the on a daily basis. dagen: what would you do then? if you had 53% of people thinking we are in a recession, that could actually cause economic weakness. people's behavior changes the way the economy performs. >> if you were to ask me what i were going to do, i am always looking at economic growth. we are the most talented people on earth. there is no reason the economy should be slow right now. reduce the tax burden. reduce the regulatory burden. make trade free. that is why we get up every day. th
as well. >> tom, you're saying that the nightfall is cutting off the energy to this -- >> it does. on some systems it does that. each one of these, brianna, they have a mind of their own. some of these super cells almost helter-skelter fashion. some of these thunderstorms are breaking away from this line here. i like to call them outlaw thunderstorms, renegade, breaking away from the pack, but at least as far as we're concerned the significance of a few cells instead of numerous cells, just a few right now are our concern. and anytime you can whittle away the number of super cell thunderstorms that are able to produce a tornado, the lesser the threat. >> of course, we're also having the problem with nightfall even if it's cutting off some energy, obviously, to the tornadoes, they don't have any light. and we heard from one of the witnesses who was there who is a grad student at the university of southern mississippi. she was saying that even the areas of hattiesburg that were not directly impacted from this don't have power, that it was cut off during the storm. what are the challenges the
can be a health, only one can be an energy or a food and beverage, but what if you're not sure? i need you to err on the side of caution. we've played this game so many eyears a lot of people were not sure. if two stocks trade together, if they succeed or fail based on the same failure, then you're not diverse philadelphia. take a look at their stock trading history. go -- the graphs are everywhere these days. are they in tandem? pick one, drop another. if the oil producer is the same sector. and i'm not doing this to be arbitrary and capricious or make it more difficult to invest. these aren't big technicalities people. when you get too concentrated in one area, then the moment something bad happens you'll want the throw yourself off the bridge. the losses will be -- enormous. imagine if you own too many health care stocks right before they got whacked by congress. how about banks in the financial regulatory reform that congress produced in response to the crisis? and this soured too many people, too many tech stocks going to the dotcom bust or perhaps you own many stocks you don't th
's going to focus on mice. not the rodent. it's an acronym for manufacturing, infrastructure, clean energy and education. those are the four topics i think you're going to hear. >> there are republicans around the country rolling your eyes as you're saying this. >> yes. i understand that. i think part of the president's job tonight is to explain how he's going to bring republicans along, but remember, he's talking over the republicans to the american people -- >> what happened to the middle? >> let me just say, the complaint -- i think the complaint against the president and the congress in general has not that they're not talking to what americans care most about right now which is the economy ask jobs. and that's true. the budget deficit -- >> he was talking about 18 and 19. >> i'm just saying that -- >> global warming and what was the other thing? >> there's immigration, there's guns. >> like 18, 19 and 20. >> exactly. you're going to hear a little bit about those. but it is time. i believe the white house believes it's time to talk over washington and to the american people about the e
there to see much more policy. >> what's your take on sort of the positives? we've talked about energy and the potential for energy, exploration in this country. it seems like shale is increasingly being seen as one of the most important developments in the united states? >> absolutely. the story, just think about this. again, about a year ago, certainly in the aftermath of the 2008-2009 crisis we've seen u.s. gdp 1.5 and 2%. this is not the story we're seeing in europe. the u.s. story, the interesting story around the housing rebound. no seller is not constructive or positive about it, but there's something going on here that feels like there's momentum and obviously looking at the m & a story, three big-time transactions in the market. i think it's turning around. >> so do you feel that europe is on the right track though? >> i think there's a lot of scope for policy intervention, and i'm pretty optimistic that they are at a point where they will be more active. >> do you see bumps along the road? >> absolutely. i think the big ones are repayments, repayments scheduled, the election
energy prices, tougher comps compared to last year and tax refund checks are late this year. that's a major issue for a digs counter like walmart. retailers, kohl's dropped, target dropped and there's rumors that there might be interest in gap but the company doesn't comment on rumors or speculation and the higher dollar put pressure on commodities all day. the big story. energy stocks have had a great year, but the bottom line is they have all had a weak day today. finally take a look at the month, february. s&p 500 up 1.4%. maria, look at the rest of the world, all to the downside. we're outperforming everybody else. >> there you go. it looks like it's the best game in town. bob, you said something a minute ago. i want you to tell me when. when do people get the tax checks had. >> they are delayed because the irs would normally be senning out by the middle of january a large number of checks. they have been delayed several weeks because of the problems with -- with dealing with the fiscal cliff issues. >> thanks, bob. we'll see you a little later. after the break, some fishy tra
, the molecules in front don't get out of the way until that pressure and that energy build up in front, and it leaves a cone that we call the mock cone. and when that cone passes over your place on the ground, that's when you have a sonic boom. and that's all that built-up energy that is passing over you. >> and meanwhile, we have an asteroid about the size of a football field passing by the earth today. hakeem, how rare is that? and, you know, how lucky were we? >> well, you know, if you ask about things from space hitting earth, it's incredibly common, right? something like two tons of material from space fall to earth every day. but if you compare how frequently things occur as a function of their size, then as they get bigger, they become rarer. so if you look at events that are big enough to, say, wipe out a city, you may expect once per century to come to earth. and the latest one that we know of is an object that hit in russia in 1908, known as the tungguska
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